Ellsworth has announced the volume weighted average price for the 5 day period used to price the offering. Turns out it was 7.926, netting a clearance price of 7.53 for subscribers.

Pretty successful for the fund, as dilution was well contained. NAV charge will be only slighly more than 2%. Subscribers actually wind up with a 6.8% discount from the close. Looks like a win-win for all.